Nikola plans to establish a hydrogen production hub in Phoenix, Arizona
Nikola plans Q3 FID for Phoenix hub despite continued losses
Truck manufacturer sets full-year margin guidance of between -75 and -95pc
Hydrogen and battery-electric truck manufacturer Nikola plans to take FID on its Phoenix Hydrogen Hub in Q3 this year, pending a Department of Energy loan and regulatory approval. However, the firm still anticipates continued losses going into 2023, setting full-year guidance for margins of between -75 and -95pc. Fuel-cell electric vehicle (FCEV) truck deliveries throughout the year are expected to range from a low case of 125 to a high case of 150. The firm expects to realise cost reductions from the acquisition of battery supplier Romeo Power—bringing battery-pack manufacturing in-house—as the year progresses. Partnerships Nikola recently signed a memorandum of understanding with Australia
Also in this section
12 November 2025
The UK now has a never-to-be-repeated opportunity to build indigenous manufacturing and production capabilities that create both domestic value and export opportunities
12 November 2025
Growth outlook hit by recent policy changes in pivotal year for the region’s hydrogen industry, says risk management firm DNV
10 November 2025
The success of hydrogen production will rely as much on software and data integration for optimisation and tracking as on physical infrastructure and demand
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
